74022155199 Last night's square live broadcast mentioned that if it breaks the pressure point of 105000 (Figure 2) after the Federal Reserve interest rate announcement, then we can consider continuing to be bullish. However, due to inflation issues, whether Powell will slow down the interest rate cuts for the year 2025 may lead to a collapse, but that is a matter for after 3 o'clock. First, let's see if the Federal Reserve interest rate decision can break the 105000 pressure level.
As a result, the Federal Reserve interest rate announcement failed to break 105000. So if you are monitoring the market, it is better to take small profits on long positions, and for those holding overnight, we mentioned a stop-loss at 103000.
Today the market has returned to that familiar place, with 4-hour EMA dual-track support (Figure 1). Therefore, whether it is spot or contracts, one should enter the market here.
Considering that Christmas is coming soon and the U.S. market will be closed, after the BTC pullback and rise, pay attention to the possibility of continued selling.
Lastly, I want to say that in today's cryptocurrency market, since the ETF and Trump took office, both contracts and spot trading have become more difficult. But one thing must be certain is that on January 20, when Trump enters the White House, BTC will inevitably surge.
So the bull market is still here; it is just a resting period.